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Adani Wilmar Limited (AWL) AI Stock Analysis

IN:AWL

Adani Wilmar Limited

(NSE:AWL)

Select Model
Rating:60Neutral
Price Target:INR 173.00â–²(5.26% Upside)
Action:reiterated
Date:08/04/26

The score is primarily driven by improving financial performance (stronger cash generation and recovery in 2025–2026) but constrained by historical volatility, thin margins, and higher debt in 2026. Technicals are mixed with only modest momentum and a still-weaker long-term trend, while valuation is reasonable but not strongly supported by income given the low dividend yield.

Positive Factors
Revenue GrowthAWL has demonstrated meaningful top-line expansion, supported by its edible-oil and packaged-food operations. Continued revenue growth can broaden distribution scale, improve operating leverage, and strengthen the company’s ability to invest in brands and processing capacity over the next several quarters.
Negative Factors
Higher DebtThe sharp increase in total debt raises financial risk even as equity and the asset base have grown. Higher leverage can absorb more cash through financing obligations, reduce flexibility for growth investment, and make the company more sensitive to fluctuations in operating performance.

Adani Wilmar Limited (AWL) vs. iShares MSCI India ETF (INDA)

-50%-40%-30%-20%-10%0%10%IN:AWL-40.42%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 229.40B
Dividend Yield
0.61%
Average Volume (3M)
264.16K
Price to Earnings (P/E)
18.4
Beta (1Y)
0.84
Revenue Growth
18.01%
EPS Growth
6.60%
Country
India
Employees
2,881
Sector
General
Sector Strength
55
Industry
Packaged Foods

Adani Wilmar Limited Business Overview & Revenue Model

Company Description

AWL Agri Business Ltd. primarily operates in the provision of edible oils, vanaspati, and various specialty fats. The company's extensive product portfolio also encompasses a range of food staples, including packed basmati rice, diverse pulses, soya...

How the Company Makes Money

AWL primarily makes money by selling edible oils and related food products under its brands and through business-to-business (B2B) channels. Its revenue model is largely volume-driven and built around (1) branded consumer sales: selling packaged edib...

Adani Wilmar Limited Financial Statement Overview

Summary

Recent improvement is clear (stronger earnings and free cash flow in 2025–2026), but the multi-year profile remains volatile. Margins are thin and net income has been inconsistent, while 2026 saw a sharp increase in debt that raises financial risk despite steadily growing equity.

Income Statement

62Positive

Balance Sheet

58Neutral

Cash Flow

64Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue777.20B747.31B636.72B512.25B581.85B541.87B
Gross Profit72.50B66.98B74.73B58.85B52.44B53.66B
EBITDA27.35B25.77B24.99B11.45B11.47B18.76B
Net Income11.56B10.42B12.25B1.48B5.82B8.04B
Balance Sheet
Total Assets0247.59B224.38B198.07B209.80B213.17B
Cash, Cash Equivalents and Short-Term Investments23.33B23.73B12.35B14.72B23.82B25.95B
Total Debt081.23B19.37B68.08B23.96B27.01B
Total Liabilities-104.44B143.15B130.14B114.91B128.14B137.11B
Stockholders Equity104.44B104.41B94.24B83.16B81.66B76.06B
Cash Flow
Free Cash Flow9.40B16.59B11.54B-6.43B-159.50M6.24B
Operating Cash Flow13.77B24.92B21.50B2.89B6.63B11.60B
Investing Cash Flow-2.20B-11.90B-2.70B1.42B5.33B-38.61B
Financing Cash Flow-11.33B-11.28B-15.44B-5.63B-9.19B26.58B

Adani Wilmar Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price164.35

Price Trends

50DMA184.42Negative
100DMA186.70Negative
200DMA190.91Negative

Market Momentum

MACD-4.79Positive
RSI30.56Neutral
STOCH14.68Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AWL, the sentiment is Negative. The current price of 164.35 is below the 20-day moving average (MA) of 178.94, below the 50-day MA of 184.42, and below the 200-day MA of 190.91, indicating a bearish trend. The MACD of -4.79 indicates Positive momentum. The RSI at 30.56 is Neutral, neither overbought nor oversold. The STOCH value of 14.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AWL.

Adani Wilmar Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:AWL against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:GOKULAGROIN:GOKULAGRO74OutperformINR 63.44B15.05――21.04%59.07%
IN:KRBLIN:KRBL74OutperformINR 78.94B10.41―1.31%0.51%40.39%
IN:TATACONSUMIN:TATACONSUM64NeutralINR 1.01T59.71―0.98%14.68%24.77%
IN:AWLIN:AWL60NeutralINR 213.60B18.45―0.61%18.01%6.60%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:PATANJALIIN:PATANJALI54NeutralINR 399.96B20.14―1.76%19.32%61.42%
IN:GOKULIN:GOKUL47NeutralINR 3.43B16.39――15.39%27.60%

* General Sector Average

Performance Comparison

-40%-20%0%20%40%IN:AWLIN:GOKULIN:GOKULAGROIN:KRBLIN:PATANJALIIN:TATACONSUMDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:AWL and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:AWLAdani Wilmar Limited164.35-109.27-39.93%
IN:GOKULGokul Refoils & Solvent Ltd.34.61-6.39-15.59%
IN:GOKULAGROGokul Agro Resources Ltd.215.0047.3028.21%
IN:KRBLKRBL Limited344.90-30.59-8.15%
IN:PATANJALIPatanjali Foods Limited367.60-204.03-35.69%
IN:TATACONSUMTata Consumer Products Limited1024.80-164.64-13.84%

Adani Wilmar Limited Corporate Events

AWL Agri Business posts Q2 FY27 results, shares analyst call recording

Oct 27, 2026

AWL Agri Business Limited, formerly Adani Wilmar Limited, is a leading Indian agri-business and packaged food company best known for its Fortune-branded edible oils and staple foods. Headquartered in Ahmedabad and listed on both BSE and NSE, it opera...

AWL Agri Business posts strong Q2 growth on food and FMCG surge

Oct 5, 2026

AWL Agri Business reported robust preliminary performance for the quarter ended September 30, 2026, with overall volumes up 12% year-on-year and revenue rising 24%. Growth was driven primarily by the Food & FMCG portfolio and Industry Essentials,...

AWL Agri Business settles SEBI compliance proceedings with no material financial impact

Sep 22, 2026

AWL Agri Business Limited has disclosed that the Securities and Exchange Board of India has passed a settlement order on a settlement application filed by the company under SEBI’s Settlement Proceedings Regulations, 2018. The application relate...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 04, 2026